One of the methanol plants owned by methanol holdings (trinidad) ltd, the sister company of the oman-based methanol holdings (international) ltd, that is to be monetised to reduce the debt to the government resulting from the 2009 collapse of the insurance company.

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One of the methanol plants owned by methanol holdings (trinidad) ltd, the sister company of the oman-based methanol holdings (international) ltd, that is to be monetised to reduce the debt to the government resulting from the 2009 collapse of the insurance company.

BARBADOS-BASED investment company, MPC Caribbean Clean Energy Ltd, is confident it can raise US$50 million for renewable energy projects in Latin American and Caribbean region, by way of an initial public offering (IPO) simultaneously launched in Jamaica Trinidad and Tobago on December 3.

The offering will close on Friday, but could be extended.

The company is selling 50 million Class B participating and voting shares at US$1 apiece.

FINANCE Minister Colm Imbert will, in due course, be required to explain to the court why in his capacity as chairman of the Joint Select Committee (JSC) on Energy Affairs he, at one point, failed to convene a meeting of the JSC for more than 20 months and whether it was legal to do so.

WHILE Nestle saw an increase in demand for its products by households, there was a major decline in products that were sold to hotels and restaurants, which were ordered to be closed amidst the Covid-19 pandemic. Even though restaurants were allowed to reopen their doors on May 11, in-house dining still isn’t allowed and hotels are only allowed outdoor dining for their guests.

CANADA’S big five big commercial banks set aside close to C$11 billion in their last quarter in provisions for loans that are not being repaid according to schedule, which is called provisions for credit losses (PCL).